Green hydrogen to become cheaper than gray hydrogen in 2030

Image: PixabayImage: Pixabay
From 2030 on,a new study finds, producing green hydrogen in a new plant could be as much as 18% cheaper than continuing to run an existing gray hydrogen plant in five major economies around the world.

Official Press Release BloombergNEF:

Green Hydrogen to Undercut Gray Sibling by End of Decade

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Green Hydrogen to Undercut Gray Sibling by End of Decade

Hydrogen may be a small molecule, but it’s hugely important when it comes to decarbonizing industry. Already widely in use as a chemical feedstock and fuel, hydrogen, or H2, is also central to net-zero strategies – but only if it can be produced without generating carbon emissions.

“The problem is that clean ‘green’ hydrogen has always been far more expensive than its dirty ‘gray’ counterpart,” says Adithya Bhashyam, a hydrogen analyst at BloombergNEF. That’s about to change. Image: BloombergNEF “When it comes to producing green hydrogen today, the... ... More: Official Press Release BloombergNEF

BloombergNEF, hydrogen, green, gray, net zero, fuel, chemical, carbon emissions, production, decade, clean, decarbonisation

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